Business & Markets

Kinder Morgan Reports 'Momentous' Third Quarter

Kinder Morgan reported what CEO Steve Kean described as a "momentous" third quarter Wednesday as the company achieved a 13% increase in natural gas transport volumes and the completion of major pipeline and LNG projects in the period ended Sept. 30.

Trump to Headline Gas Industry Gathering in Pennsylvania

Natural gas industry groups say President Donald Trump will give keynote remarks at their annual conference in the battleground state of Pennsylvania next week.

Phillips 66 Sets Rates for Gray Oak Crude Pipeline

— Phillips 66 Partners LP set spot rates of $4.75 a barrel to ship crude on its new 900,000-barrel-per-day (bpd) Gray Oak crude pipeline within points in Texas, according to a filing this week.

Rangeland Midstream Canada Begins Construction of Marten Hills Pipeline System

Rangeland Midstream Canada has commenced the construction of its Marten Hills Pipeline System.

ARB Midstream Announces Start-up of DJ Basin Crude Oil Gathering System

ARB Midstream subsidiary DJ South Gathering announced a key expansion of its fast-growing crude oil gathering and transportation system in the DJ Basin in northeastern Colorado.

U.S. Sanctions Turkish Energy Operations

The United States has sanctioned Turkey’s energy ministry in response to the Turkish cross-border offensive in northeast Syria, including BOTAS, which operates the country's gas infrastructure and is party to gas import contracts.

China's Gas Demand Growth to Slow to 10% This Year: Sinopec

China's natural gas demand is expected to reach 307 Bcm this year, an increase of just 10% from 2018, an official of state-run Sinopec Gas said , as a slowing economy hits consumption.

In a Twist, LNG Takes NatGas Market Share in Europe

Europe’s two biggest suppliers of pipeline gas lost market share for the first time in at least four years as LNG imports into the region tripled between October and August.

Kinder Morgan Takes Final Bow Out of Canada

A year after selling its Trans Mountain Pipeline system and expansion project to Canada’s government for $4.5 billion, U.S. operator Kinder Morgan is making its final exit from the “Great White North” with the $3.3 billion sale of Kinder Morgan Canada and the Cochin Pipeline system to Calgary-based Pembina Pipeline.

TechnipFMC Awarded Significant Subsea Contract for Vietnam Gas Pipeline

TechnipFMC has been awarded a significant contract by PetroVietnam Gas for the Engineering, Procurement and Construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.

National Grid Says it Will Reconnect Gas Customers After NY Order

National Grid Plc said on Monday it was taking steps to reconnect about 1,000 natural gas customers in New York City and Long Island following a state order after the utility previously refused to reinstate service, citing short supply.

FERC Approves Sendero Carlsbad Gateway Project

Federal regulators have authorized construction of the Sendero Carlsbad Gateway natural gas project in the Permian Basin, including a 23-mile, 400 Mmcf/d pipeline from its Carlsbad processing plant to White Water Midstream's Agua Blanca pipeline.

Price Spikes in New England Limited by Natural Gas

It seems like each winter we see consumers in New England suffering not just from freezing temperatures but also the highest energy prices in the country – largely because there’s not enough natural gas infrastructure to serve the region during periods of peak winter demand. This past winter, the news was a little bit better.

Investors Flock to Finance Calcasieu Pass LNG Construction

Venture Global LNG said it has made a final investment decision to proceed with development of its $5.8 billion Calcasieu Pass liquefaction facility after financing was nearly two times oversubscribed with more than $10 billion in binding commitments.

Brazil’s LNG-to-Power Complex Funded; Phase 2 Underway

The Gas Natural Açu (GNA) joint venture between Prumo Logistica, BP and Siemens – developer of Brazil’s largest infrastructure project – has gained regulatory approval for LNG imports and satisfied lender conditions for $750 million in project financing to complete the 1.3 GW first phase of its LNG-to-Power complex at the Port of Açu.

Laguna-Aguascalientes Gas Pipeline Propels Growth in Mexico

It is estimated that by 2026 in Mexico, natural gas demand will double the total amount of natural gas produced in 2012. Meanwhile, the current conditions suggest production will increase 2.8% annually.

Global Oil Majors See Surge in Indian Demand for Natural Gas

Global oil and gas majors are looking to India, the world's third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.

India Investing $60 Billion on National Gas Grid by 2024

India, one of the world's largest consumers of oil and coal, is investing $60 billion to build a national gas grid and import terminals by 2024 in a bid to cut its carbon emissions, the oil minister said on Sunday.

Italy's Snam Looking to Raise Hydrogen Mix in Its Pipelines

Italy’s Snam is planning to inject more hydrogen into its gas pipeline network and will be able to count on the backing of Rome as the new government rolls out its new climate package.

Norway Gas Production to Decline in 2020 with Maintenance

Maintenance at Norway's natural gas fields and processing plants is scheduled to cut production capacity by some 5.35 Bcm in 2020, less than in 2019, according to a Reuters calculation based on data from system operator Gassco.

Canada's Alberta Moves Closer to Creating 'Energy War Room'

The government of Alberta, Canada's main oil-producing province, on Wednesday took the first steps towards establishing its so-called 'energy war room' aimed at boosting the image of the oil and gas industry.

EIB to Finance Bulgaria-Greece Gas Link

The European Investment Bank agreed on Thursday to finance the construction of a 182-km gas pipeline linking Bulgaria with Greece that will end Sofia's complete dependence on Russian gas and help diversify supplies in southeastern Europe.

Ukraine Wants Long-Term Gas Transit Deal With Russia

Ukraine wants a long-term gas transit contract with Russia based on European standards, the prime minister said on Wednesday, adding Kiev would not agree to a short-term deal that Moscow seeks.

Weldbend, Boltex Win Lawsuit Against Ulma Forja

A jury returned a verdict in favor of Weldbend and Boltex on all counts in a lawsuit by the American carbon steel flange manufacturers against a Spanish company, Ulma Forja – part of the Mondragon Corp. – and its U.S. subsidiary, Ulma Piping.

Senex Flows First Gas With Completion of Jemena's Atlas Pipeline

Senex Energy announced that first gas production has been achieved at Project Atlas following completion of Jemena's Atlas Gas Pipeline in Queensland, Australia.

Profit, Not Politics: Trump Allies Sought Ukraine Gas Deal

As Rudy Giuliani pushed Ukrainian officials to investigate Donald Trump's political rival, others with ties to the president wanted to install new management at Ukraine's state gas company and steer contracts to companies controlled by Trump allies, AP reports.

Exxon to Make $500 Million Initial Investment in Mozambique LNG Project

Exxon Mobil plans to invest more than $500 million in the initial construction phase of its liquefied natural gas (LNG) project in Mozambique.

Brazil's Mystery Oil Spills May Have Criminal Source: President

Brazilian President Jair Bolsonaro said on Tuesday the oil spills that have been contaminating the northeastern coast since the beginning of September appeared to involve crimes.

EIA Expects Natural Gas Output, Demand Rising to Record Highs in 2019

U.S. dry natural gas production will rise to an all-time high of 91.63 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd last year, the Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.

Tallgrass Announces Open Season for Pony Express Pipeline

Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), have announced a binding open season soliciting shipper commitments for crude oil transportation for near-term expansion on the Pony Express system from origin points in Wyoming to the McPherson refinery destination in Kansas.